A group of European Union regulators will meet next week to discuss the regulation of cryptocurrencies.
I believe regulating the crypto industry will be a positive in the long run, with the most important factor being mass adoption.
An aspect of crypto becoming regulated can mean mass adoption, as more people will feel comfortable to invest their money in Crypto Currencies.
And we all know that when more money comes into crypto, the prices of everything usually goes up - so, HELLOOWWWW.
It is also unlikely that regulation will mean that we all have to declare exactly how much Bitcoins we each own in the same way nobody needs to know exactly how much money you have in your bank account.
ALSO - with all the bad press about dodgy ICO's, this can only serve the future on investing well.
"The aim is to look at long-term trends linked to virtual currencies, and examine if current regulation is fit for purpose," he added. The timing of the event is a notable one, given that some European leaders - including France and Germany - have called for more discussions around the topic. Monday's "roundtable" also comes on the heels of discussions among U.S. lawmakers and regulators about the potential need for expanded oversight of the market (though other officials have said that any move in that direction won't happen soon).